Analyst: Yen momentum strengthened, key support enters traders' sight

On July 25th, Jinshi data analyst Ewen Chew stated that the USD/JPY once fell 1.1% to 152.23, entering the key support level. With increasing momentum, there is a risk of breaking below the 200-day moving average of 151.54. If it falls below, the technical signal for selling will point to 150.00, which will attract investors’ stop loss. Given that the Central Bank of Japan may raise interest rates next week, interest rate trading is being closed. The US bond yields are also under pressure before the release of the core PCE index on Friday.